Single Family in Boston or Triplex in Worcester?

Question

I'm currently considering two locations for a rental property investment. I am familiar with both the Worcester and Boston areas, but each comes with their own pros and cons. For around the same price, I could purchase a 3 family in Worcester or a Single family in Boston. I am trying to consider each in terms of cash-flow and appreciation. Any suggestions?

Ron Ramsden · Answer

my two cents: I prefer multis, 3 plus over singles and two families as inevitably you will have vacancy, late or missing rental income and it n my eyes is easier to swallow a piece of it than all your income or the property.

Maybe down the road you could also convert to condos

Alex Cooper · Answer

Thanks @Josue Velney and @Michael Pallotta! The single family properties I've been looking at are in Dorchester, Chelsea, and Brighton.

Josue Velney · Answer

Personally, like @Michael Pallotta I would purchase the deal that has more units. Cash is king especially in this hot market.

Michael Pallotta · Answer

Hi @Alex Cooper! Where is the SF in Boston? Personally, I would go for the more units. While the SF in a great location is good, more units gives you more flexibility in renting them instead of just having one tenant in a house. There are definitely pros and cons for both so it depends on the cash flow you can get from them. If you need any help with properties in the Boston area, feel free to reach out and I am happy to answer any questions.